Jamaica GDP Annual Growth Rate  1997-2018 | Data | Chart | Calendar

Jamaica's economy expanded 0.8 percent year-on-year in Q3 2017, escaping contraction after a modest 0.1 percent decline in Q2. The rebound was nudged by manufacturing (2.3 percent vs 1.0 percent in Q2), food, beverages & tobacco (3.3 percent vs 0.6 percent), utilities (2.4 percent vs 0.1 percent), transport & communication (1.1 percent vs 0.4 percent), and real estate & business services (0.6 percent vs 0.5 percent). Notably, agriculture contracted at a much softer rate of 0.8 percent (vs 9.5 percent in the previous quarter), while mining also contracted at a softer clip (7.8 percent vs 10.9 percent). Meantime, construction remained expanding at a 1.2 percent pace. On a quarterly basis, the economy grew by 1.4 percent after an upwardly revised 1.0 percent expansion. GDP Annual Growth Rate in Jamaica averaged 0.47 percent from 1997 until 2017, reaching an all time high of 4.30 percent in the fourth quarter of 2006 and a record low of -4.60 percent in the second quarter of 2009.

Jamaica GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-06 11:50 PM GDP Growth Rate YoY 0.1% 1.4% 1.5%
2017-09-30 12:00 AM GDP Growth Rate YoY -0.1% 0.1% 0.4%
2017-12-29 10:00 PM GDP Growth Rate YoY 0.8% -0.1% 1.2%
2018-03-29 09:00 PM GDP Growth Rate YoY 0.8% 0.80%
2018-07-06 11:50 PM GDP Growth Rate YoY 0.90%
2018-09-30 12:00 AM GDP Growth Rate YoY 0.70%


Jamaica GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 1.00 2.60 -2.50 percent [+]
GDP Annual Growth Rate 0.80 -0.10 4.30 -4.60 percent [+]
GDP 14.03 14.26 14.75 0.70 USD Billion [+]
GDP per capita 4796.00 4746.50 5368.50 3466.60 USD [+]
GDP per capita PPP 8190.00 8105.40 8681.40 7286.20 USD [+]
Gdp Constant Prices 186004.00 189755.00 194147.00 163584.00 USD Million [+]
Gdp From Agriculture 12376.00 13835.00 15745.00 7631.00 USD Million [+]
Gdp From Construction 12396.00 14335.00 18118.00 11454.00 USD Million [+]
Gdp From Manufacturing 16788.00 15827.00 23548.00 14652.00 USD Million [+]
Gdp From Mining 3797.00 3820.00 8526.00 3161.00 USD Million [+]
Gdp From Services 31454.00 32902.00 36733.00 30200.00 USD Million [+]
Gdp From Transport 20741.00 21410.00 23461.00 13697.00 USD Million [+]
Gdp From Utilities 6210.00 6198.00 6618.00 4158.00 USD Million [+]


Jamaica GDP Annual Growth Rate

Jamaica, a small island nation situated in a strategic position near the Panama Canal, is the slowest growing economy in the Caribbean. Services, with tourism employing 10 percent of the population, is the most important sector of the economy and accounts for around 60 percent of GDP. Jamaica’s large shadow economy and lax tax regulations have translated into persistent fiscal deficits and heavy dependence on remittances. Bureaucracy, high energy costs and a slow, inefficient legal system are hampering foreign direct investments and private initiative. High unemployment and drug related crime are also issues that need to be addressed. This page provides - Jamaica GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 -0.10 4.30 -4.60 1997 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
France 2.30 Sep/17
United States 2.30 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
United Kingdom 1.70 Sep/17
Mexico 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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